Fidelity Enhanced Small Cap ETF $FESM Holdings Cut by Lincoln Capital Corp

Lincoln Capital Corp lessened its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 63.9% during the third quarter, HoldingsChannel.com reports. The fund owned 109,831 shares of the company’s stock after selling 194,056 shares during the quarter. Fidelity Enhanced Small Cap ETF accounts for about 1.6% of Lincoln Capital Corp’s portfolio, making the stock its 21st biggest position. Lincoln Capital Corp’s holdings in Fidelity Enhanced Small Cap ETF were worth $4,937,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. World Investment Advisors purchased a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $532,000. Beacon Financial Advisory LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 50.2% in the 2nd quarter. Beacon Financial Advisory LLC now owns 40,989 shares of the company’s stock worth $1,979,000 after buying an additional 13,701 shares during the last quarter. SFG Wealth Management LLC. purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 2nd quarter worth $686,000. KFG Wealth Management LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the first quarter worth $16,325,000. Finally, TritonPoint Partners LLC purchased a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $1,331,000.

Fidelity Enhanced Small Cap ETF Stock Down 0.2%

NYSEARCA:FESM traded down $0.09 on Tuesday, hitting $45.15. The stock had a trading volume of 1,456,863 shares, compared to its average volume of 796,193. The business’s 50-day simple moving average is $46.79 and its two-hundred day simple moving average is $45.28. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 16.78 and a beta of 1.32. Fidelity Enhanced Small Cap ETF has a 52-week low of $34.83 and a 52-week high of $48.93.

About Fidelity Enhanced Small Cap ETF

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.